The last NAR survey done on April 12-13 between members concluded that:
- According to the 46% of property managers, their tenants didn’t have any issues paying the rent. 41% of property managers have reported that their tenants are asking for a delay.
- 59% of Landlords said that their tenants didn’t have any issues paying the rent. 24% of Landlords have reported that their tenants are asking for a delay.
- 60% of the surveyed members expressed that their clients are delaying any home purchases.
- 12% of the surveyed members expressed that their clients continued with the process of purchasing a house but are doing so virtually.
- 90% of members cited a decline in buyer interest due to the Covid-19.
- In general home buyers are expecting lower prices.
- 57% of the Sellers are delaying the process of selling a home.
- Approximately 75% of the members surveyed expressed that home sellers have not reduced their prices price to attract buyers.
- 56% of the members said that home sellers decided to remove their homes from the market.
- Members communicate that there are delays in the process of residential closings, 31% in financing, 27% in appraisals, 19% in home inspection and 33% have reported no delays.
For more details of this survey click on this link.
